Kiwoom Securities lowered the target price of Kakao Games by 11.1% from 27,000 won to 24,000 won.
Kim Minyoung
kimmy@alphabiz.co.kr | 2024-06-10 08:52:36
Kakao Games
[Alpha Biz= Reporter Kim Minyoung] Kiwoom Securities maintained its investment opinion on Kakao Games as 'outperform' and lowered its target price by 11.1% from 27,000 won to 24,000 won.
Kiwoom Securities said, "Whether ArcheAge 2 can meet user expectations on the console platform will be the most important investment point in the medium term." Archiage 2 is considered the most anticipated work of Kakao Games.
Kiwoom Securities added, "Since the genre is a multi-access role-playing game (MMORPG), it is also necessary to evaluate whether triple-A game quality and optimization can be secured while controlling the load according to user traffic load."
Kiwoom Securities also said, "We believe that the key is to secure differentiated gameability compared to competing games through pure in-game videos, and comprehensive user judgment on this will determine Kakao Games' console competitiveness and target multiplayer level."
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